Posted: Sunday 6th July 2014 at 13:06 pm

Parliament to examine accounts of state own enterprises

c611240x mg p7kwn08mm2 796180711800 792717124542 Parliament to examine accounts of state own enterprises


Parliament is set to start examining reports and accounts of state own enterprises to determine whether their operations are in line with sound business principles and prudent commercial practices.

The house is not happy government still contract loans for public enterprises set up to make profit and demands government take steps to avoid the practice.

Member of Parliament for Sekondi, Paapa Owusu Ankomah who moved the proposal on the floor was contributing to a report on a loan agreement totaling 48 million dollars to enable the Ghana water company expand its distribution system in the Greater Accra region.

‘All these state own enterprises are owned by us as a nation however, in terms of the oversight of its work there is a lot that is left to be desired because there has never been a report in this house by that committee on the works of any state own enterprise, I mean the Ministry of Employment Social Welfare, and State Enterprises, and this is an area where we have had a lot of leakages via complaints,’ he said.

Paapa Owusu Ankomah added that, ‘It seems as if the people of this country do not see parliament as constituted very able to exercise oversight over these agencies and even the executive.’

Deputy Minister for Water Resources,  Works and Housing, Samson Ahi however told Joy News managers of Ghana Water Company are already under a performance target to meet.

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